Median Household Income in the United States
This dataset tracks median household income in the united states over time.
Latest Value
80610.00
Year-over-Year Change
61.06%
Date Range
1/1/1984 - 1/1/2023
Summary
Tracks the central income level for U.S. households, providing a key indicator of national economic health and living standards. Reflects broader economic trends and household economic well-being.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Represents the midpoint of household incomes across the United States, showing typical earnings and economic conditions.
Methodology
Calculated using comprehensive income data from U.S. Census Bureau surveys.
Historical Context
Critical for understanding economic inequality, policy planning, and national economic trends.
Key Facts
- Represents typical U.S. household economic condition
- Adjusts for inflation and economic changes
- Important policy and economic planning metric
FAQs
Q: What does median household income measure?
A: The midpoint of household incomes, where half earn more and half earn less nationwide.
Q: How often is this data updated?
A: Typically updated annually by the U.S. Census Bureau.
Q: Why is median income important?
A: Indicates economic health, living standards, and potential consumer spending power.
Q: How does inflation affect median income?
A: Inflation can reduce real purchasing power even if nominal income increases.
Q: Can this data predict economic trends?
A: Provides insights into economic conditions, consumer behavior, and potential policy needs.
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Citation
U.S. Federal Reserve, Median Household Income (MEHOINUSA646N), retrieved from FRED.